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Ellen Pao exits state court with her attorney Alan Exelrod in San Francisco on Wednesday, March 25.

Kleiner Perkins Beats Pao's $100M Gender-Bias Case

A California jury cleared Kleiner Perkins Caufield & Byers LLC on Friday of discriminating against interim Reddit CEO Ellen Pao in her $100 million gender bias case, and found that the venture capital firm didn’t fire her because she sued over the allegations.

  • Dufry To Buy World Duty Free In $3.9B Airport Retail Deal

    Travel retailer Dufry AG plans to buy rival World Duty Free Group from owner Edizione SRL in a debt and equity deal including a rights offering announced Sunday that values the target company at €3.6 billion ($3.9 billion), combining two Europe-based global airport shop owners.

  • Ex-Wells Fargo Analyst To Settle SEC In-House Trading Case

    Just days before his scheduled administrative court hearing, a former Wells Fargo analyst has agreed in principle to settle the U.S. Securities and Exchange Commission’s administrative charges he engaged in insider trading by giving one of the firm’s traders early access to his research, according to documents filed Friday.

  • Former Broker-Dealer Execs Get 4 Years Each In FCPA Case

    Direct Access Partners LLC's former CEO Benito Chinea and former managing director Joseph Demeneses got four years in prison each on Friday for a $60 million Venezuelan bank bribery scheme — sentences said to be the longest yet for Foreign Corrupt Practices Act violations in the Second Circuit.

  • USPTO Raises Page Limits In 1st Round Of AIA Rule Changes

    The U.S. Patent and Trademark Office is increasing the page limits for some filings in America Invents Act reviews, effective immediately, in the first of a series of rule changes that will be rolled out in the coming months, the office said Friday.

  • States Block FMLA Same-Sex Spouse Rule Change

    A group of state attorneys general on Thursday won their bid to block the U.S. Department of Labor from enacting a new rule under the Family and Medical Leave Act that would extend protections to same-sex couples when a Texas federal judge granted a preliminary injunction.